The pressure on behavioral health providers to improve outcome measures may make patient-matching technology a crucial part of their tech stack. The hope is that providers and patients alike are set up to succeed at the outset of treatment, accelerating the development of the oft-vaunted therapeutic alliance in behavioral health. If behavioral health organizations successfully […]
Category: Technology
Behavioral health providers have lagged behind their physical health counterparts in measuring outcomes. But that may soon change, industry insiders believe, as payers pressure providers to show more data before raising rates or negotiating value-based contracts. Even so, collecting the correct data to prove outcomes isn’t just on behavioral health companies. A true outcomes-based approach […]
SpectrumAi announced Thursday that it raised $20 million in Series A funding, with investment led by CVS Health Ventures. The funding will help the startup push its applied behavior analysis (ABA) electronic health record, Twyll, and Patterns, its network analytics platform. CVS Health Ventures has made a slew of behavioral health tech-related venture investments over […]
Almost a year after New Directions Behavioral Health and Tridiuum announced their merger, the pair have launched a new joint company dubbed Lucet. Lucet works with payers to help their members connect with behavioral health care in less than five days. Its tech-backed product, Navigate & Connect, includes a digital platform and a team of […]
Behavioral health data science and technology company Holmusk raised a $45 million series B financing round. On Tuesday, the company announced the investment will help scale up its NeuroBlu Database, its flagship product and a real-world behavioral health data source. The deal also comes with a data-sharing agreement. Veradigm Inc. (NASDAQ: MDRX), formerly Allscripts Healthcare […]
Despite a somewhat rocky 2022, Teladoc Health Inc.’s (NYSE: TDOC) direct-to-consumer behavioral health subsidiary, BetterHelp, raked in over $1 billion in revenue. That’s a $300 million increase from 2021, according to company leadership. More than 1 million people received therapy from BetterHelp in 2022, Teladoc CEO Jason Gorevic revealed at the JP Morgan Healthcare conference […]
Behavioral health tech company Array Behavioral Care closed a $25 million funding round led by CVS Health Ventures, the investment arm of health care giant CVS Health Corp. (NYSE: CVS). On top of providing capital for scaling efforts, the funding round brings Array Behavioral Care closer to CVS Health. Array has previously partnered with CVS […]
Venture capital firms the past few years have pumped billions of dollars into behavioral health companies, recognizing the vast need for their services and untapped opportunities to consolidate a fragmented market. Among the most active VC investors has been General Catalyst, which boasts a portfolio of more than a dozen behavioral health-focused companies, from Eleanor […]
After a rocky year and a half on the public market, digital behavioral health company Talkspace (Nasdaq: TALK) may soon have a new owner. Multiple reports say the company is again the acquisition target of telehealth giant Amwell (NYSE: AMWL). According to those reports, Amwell has offered to buy the company for $1.50 per share […]
The consumerization of health care is pushing providers to offer more options to patients. Digital behavioral health tools boomed during the COVID-19 pandemic. This trend isn’t going away anytime soon as patients continue to seek care on their terms. CVS Health Corp. (NYSE: CVS) supported 10 million virtual health visits in 2021 – a 1,000 […]